Ferrari’s $640K Luce EV sells out 2026 allocation: ~500 units

This one's not about home upgrades, but here's the news: Ferrari's first electric car, the Luce, has already sold out its entire 2026 production run, just under 500 cars, in less than two months. The car starts at about $640,000 and doesn't get delivered to buyers until October, but demand was strong enough that Ferrari cleared the year's allocation before a single one reached a driveway. Much of the buying came from China.

The car's styling got heavily criticized when it was revealed in Rome in May, and Ferrari's stock dipped around the reveal, but none of that slowed sales among people able to spend over half a million dollars on a car. Underneath the debated looks is a genuinely advanced electric powertrain: over 1,000 horsepower, a 122 kWh battery, fast 350 kW charging, more than 330 miles of range, and a 0-60 mph time around 2.5 seconds, along with in-house motor and suspension technology.

None of this changes anything about rebates or upgrades for your own house, but it's a sign that automakers are still investing in serious EV engineering even as some pull back elsewhere. If you're weighing an EV purchase of your own, regardless of price, remember that charging it at home costs less with solar power backing it up, and electricity rates have been climbing, so that's worth factoring in whenever you're comparing options.